£75,000
(£20.00/sq. ft)
Pub/bar for saleHigh St, Stockton-On-Tees TS18
5,000 sq. ft
Business
About this property
Prime Location
Highly Profitable
Late Licence
Free of Tie
Long Lease
Flat Above
Parker Barras are delighted to offer following highly successful and popular licensed premises on Stockton High St. The Riverbank has been trading for 3 years but was previously traded as The ClockTower for the 8 years prior.
The pub which is mostly staff ran, it currently trades as follows.
Tuesday - 12pm - 10pm
Wednesday 12pm-12am
Friday - Saturday 12pm - 3am
Trading at around £9,000 - £10,000 per week. There is huge scope for further increased sales with increased opening hours.
Currently Licensed as follows..
Opening hours
9am - 2am Sunday - Thursday
9am - 3am Friday - Saturday
Hours for supply of alcohol sales
10am - 1:30am Monday - Thursday
10am - 2:30am Friday and Saturday
12pm-1:30am Sunday
The property it occupies is held on a lease with 9 years remaining and 1 remaining break clause in 2029. The rent is £24,000 + VAT per annum.
Comprised of a ground floor seating/bar area with some exterior seating at the front of the property for 6 tables and 18 chairs. There is raised level on this floor for dancing. The further 2 floors are a 1 bedroom flat and a 3 bedroom flat on the top floor. The full property is £24,000 Per Annum + VAT and the lease is to be assigned.
A dumbwaiter is installed form the ground floor to the first floor which could enable potential for a kitchen conversion and a further offering of food alongside the already successful drink products.
Accounts are availble upon request.
An overall great pub in a popular town centre location trading successfully with further scope to increase offerings and opening hours to increase takings.
For Sale - £75,000
The pub which is mostly staff ran, it currently trades as follows.
Tuesday - 12pm - 10pm
Wednesday 12pm-12am
Friday - Saturday 12pm - 3am
Trading at around £9,000 - £10,000 per week. There is huge scope for further increased sales with increased opening hours.
Currently Licensed as follows..
Opening hours
9am - 2am Sunday - Thursday
9am - 3am Friday - Saturday
Hours for supply of alcohol sales
10am - 1:30am Monday - Thursday
10am - 2:30am Friday and Saturday
12pm-1:30am Sunday
The property it occupies is held on a lease with 9 years remaining and 1 remaining break clause in 2029. The rent is £24,000 + VAT per annum.
Comprised of a ground floor seating/bar area with some exterior seating at the front of the property for 6 tables and 18 chairs. There is raised level on this floor for dancing. The further 2 floors are a 1 bedroom flat and a 3 bedroom flat on the top floor. The full property is £24,000 Per Annum + VAT and the lease is to be assigned.
A dumbwaiter is installed form the ground floor to the first floor which could enable potential for a kitchen conversion and a further offering of food alongside the already successful drink products.
Accounts are availble upon request.
An overall great pub in a popular town centre location trading successfully with further scope to increase offerings and opening hours to increase takings.
For Sale - £75,000
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Monthly repayment
£375 per month
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